The economy, by all official accounts, has been doing quite nicely this year. Still, the facts and figures haven't done much to assuage the financial worries of many Americans, who have consistently reported that things are not going that well.
The disconnect likely has a lot to do with what the U.S. Census Bureau found in its most recent income report: Americans' real incomes fell by 2.3% in 2022 compared to 2021, thanks to record-high inflation. The Census Bureau calculates real income based on factors like wages from work, Social Security benefits, retirement income, public assistance, unemployment insurance benefits, etc.
